Business
Dec 7-11, 1998 / Azar 16-20, 1377
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Today
* Iran condemns attack on Americans
* Shell drops plans for pipeline across Iran
* Iran delays oil opening plans amid price gloom
Previous
* Bazaari leader attacks Khatami
* Azerbaijan raises protest over Iranian oil field exploration
* Battle rages over pipeline's price tag
* Parliament puts off petrol price debate
* Russia hails nuclear deal with Iran
* Iranian firms in oil price slump
* Iran denies violating pledged oil output cuts
* Parliament to consider rejecting petrol price hike
* Half of Iranians eating more than they need: official
* Iran cut from U.S. list of drug countries
* Total may export Caspian oil through Iran
* Iran, Saudi seek closer ground on OPEC action
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$ Rate
Updated December 11, 1998
* To send money to Iran, the rate is 691-708 tomans per
dollar, depending on how much you wish to send.
* To send money out of Iran, the rate is 713 tomans per
dollar.
Source: Sehaty Foreign Exchange. Preferntial rates for readers of The
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Fax: 602-595-0222. Address: PO Box 3230, Carefree, AZ 85377,
USA. Mention this code: BAJ 07
Friday,
December 11, 1998
* Iran condemns attack on Americans
TEHRAN, Iran (AP) -- Iran's hard-line speaker of Parliament said Thursday
that last month's attack on a group of American visitors was ``inappropriate,''
according to the official news agency. Ali Akbar Nateq-Nouri's comments
marked the first against the Nov. 21 attack from a conservative within
Iran's ruling clerical hierarchy. He added, however, that a failure to
explain the visitors' purpose had provoked ``suspicion'' about the delegation
... FULL
TEXT
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* Shell drops plans for pipeline across Iran
December 10, 1998, (JOURNAL OF COMMERCE STAFF) - Royal Dutch/Shell has
quietly dropped plans to build a controversial gas pipeline across Iran,
ending one of the biggest threats to U.S. sanctions policy in the last
three years. Shell's interest in a trans-Iran project to carry gas from
Turkmenistan to Turkey has dogged U.S. efforts to isolate the Islamic Republic
and keep it from controlling sensitive energy routes ... FULL
TEXT
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* Iran delays oil opening plans amid price gloom
LONDON, Dec 11 (Reuters) - Iran has had to delay application deadlines
for almost all its new oil investment opportunities as sliding prices threaten
to derail its historic energy opening. From an original November 30 deadline
Iran has now pushed the submission date back to December 22 for some projects
and as far back as February 13 for many others, industry sources said on
Friday. The move is a blow for Iran's tender of over 40 exploration and
production prospects, its biggest energy opening since the 1979 Islamic
revolution ... FULL
TEXT
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Thursday
December 10, 1998
* Bazaari leader attacks Khatami
TEHRAN, (Hamshahri) - Habibollah Asgarowladi head of a right-wing group
with strong ties with the bazaar launched a direct attack on President
Khatami ... FULL
TEXT IN PERSIAN
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* Azerbaijan raises protest over Iranian oil field exploration
BAKU, Dec 10 (AFP) - Azerbaijan's foreign ministry on Thursday protested
Iran's intention to conduct oil field exploration with foreign oil companies
in waters Baku considers within its territory. According to a ministry
statement, Tehran is planning to sign on Monday an agreement for seismic
surveying in the Caspian with Dutch multinational Royal Dutch/Shell and
British oil company Lazmo.
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* Battle rages over pipeline's price tag
ISTANBUL - The political and commercial fight over the future of the
vast Central Asian oil reserves will be highlighted this week in the Azerbaijani
capital of Baku on the Caspian Sea. Negotiations begin there today among
the Turkish, Azerbaijani, and Georgian governments over plans they hope
will lead to the construction of a massive oil pipeline linking the Caspian
fields to the Turkish Mediterranean port of Ceyhan ... FULL
TEXT
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Wednesday
December 9, 1998
* Parliament puts off petrol price debate
TEHRAN, Dec 9 (Reuters) - Iran's parliament on Wednesday postponed debating
a bill to limit a government-proposed increase in the price of petrol.
The bill requires the government to restrict petrol price rises to about
20 percent in the next Iranian year starting in March. The government,
facing huge costs for fuel subsidies, has proposed keeping petrol prices
at 200 rials (6.7 U.S. cents) a litre for the first 45 litres bought each
month and charging consumers 750 rials a litre for additional quantities
... FULL
TEXT
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* Russia hails nuclear deal with Iran
MOSCOW (AP) -- Dismissing U.S. concerns, Russia's top nuclear official
said Wednesday that Moscow would go ahead with a project to build a nuclear
reactor in Iran, but won't hand over weapons technology. Russia signed
an $800 million deal with Iran in 1995 to help build a 1,000-megawatt light-water
reactor at the country's Bushehr power plant. Last month, Iranian officials
asked Moscow to conduct a feasibility study for building another three
reactors at the same site ... FULL
TEXT
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* Iranian firms in oil price slump
DUBAI, December 9, 1998 (BBC) - With a barrel of oil fetching less than
half of what it did at its peak last year, Iran's economy has been devastated.
But the knock-on effects of the economic crisis caused by historically
low oil prices have reached out across the Gulf to hurt Dubai's Iranian
business community. According to the spokesman for the Iranian Business
Council in Dubai, Mohammed Massinaei, turnover amongst Iranian companies
here has slumped to just half what it was a year ago ... FULL
TEXT
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* Iran denies violating pledged oil output cuts
DUBAI, Dec 9 (Reuters) - OPEC member Iran on Wednesday denied reports
that it was not complying with the cartel's oil production cuts pledged
this year. ``Some published allegations that Iran was not complying with
its pleged cuts are simply not true. Historically Iran has always adhered
to its allocated share of production which is confirmed by most secondary
sources,'' said Ali Gharani, head of OPEC and energy affairs at Iran's
Ministry of Petroleum... FULL
TEXT
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Tuesday
December 8, 1998
* Parliament to consider rejecting petrol price hike
TEHRAN, Dec 8 (AFP) -Iran's parliament, dominated by religious conservatives,
voted Tuesday to consider legislation preventing a proposed government
increase in the price of domestic petrol. A total of 125 of the 200 MPs
who attended Tuesday's session voted for parliament to "urgently"
consider the motion introduced by conservative deputies, who hold a majority
in the legislature. Parliament, whose debate was broadcast live on radio,
will discuss the proposal to shelve the controversial price rise in detail
on Wednesday. The government's proposed price rises are part of a strict
austerity budget for the coming Iranian fiscal year which aims to cut spending
and some government subsidies.
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* Half of Iranians eating more than they need: official
TEHRAN, Dec 8 (AFP) -Roughly half the Iranian population eats more than
it needs while some 20 percent goes underfed, an Iranian official claimed
Tuesday. "People's eating habits simply must change," said Mahmud
Asgari, a senior official in Iran's state budget planning organisation.
He said Iranians consume on average some 3,200 calories a day, about 40
percent more than the world average. Asgari said the figure was "startling"
and placed the blame on government subsidies for basic foods such as bread
and milk, part of a social commitment to lower income groups.
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Monday
December 7, 1998
* Iran cut from U.S. list of drug countries
WASHINGTON (Reuters) - The United States said Monday it had removed
Iran and Malaysia from its annual list of sources of illegal drugs, but
said the two nations still bear watching. Iran's progress was welcomed
by the White House as a ''positive'' step, but officials said the decision
to remove it from the list was unrelated to a slow thaw in U.S.-Iranian
relations under Iranian President Mohammad Khatami ... FULL
TEXT
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* Total may export Caspian oil through Iran
BAKU, Dec 7 (Reuters) - French oil company Total is considering pumping
crude oil from its Caspian basin projects in Azerbaijan to world markets
through Iran, a senior company official said on Monday. Patrick Lantigner,
Total's resident representative in Azerbaijan, told a news conference in
Baku that Total was considering forming a consortium to fund and build
a possible pipeline through Iran... FULL
TEXT
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* Iran, Saudi seek closer ground on OPEC action
DUBAI (Reuters) - OPEC powers Iran and Saudi Arabia, anxious over collapsed
oil prices, are exerting fresh efforts to align their views on ways of
rescuing the petroleum market, sources close to the consultations said
Sunday. ``There have been more consultations lately and Iran is ready to
back any step that will help the oil price,'' Mohammed Reza Nouri, Iran's
ambassador to Saudi Arabia, told Reuters... FULL
TEXT
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